data as of
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Price arb /

ONDO

all ONDO markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$165
spread now+0.157%7d average+0.083%fees + slippage, in and out−$173spread needed1.729%
Long on BingXShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ONDO-USDC0.45220.0100pay 0.0050% / 4h1h 31m—$766K—
ShortKraken Futures PF_ONDOUSD0.45290.0897get 0.0112% / 1h31m 58s$3.5M$4.9M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$15.74
Funding while held
$23.9
Slippage, 4 orders
−$152.87
Fee BingX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$133.23
Spread needed to break even
1.729%
Slippage from BingX: live order book, 18 min ago; Kraken Futures: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
+0.0797%
Per $10,000 a day
+$23.90
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 18 min ago2.23 bp79.1 bp −$79133.1 bp −$1,331682.9 bp −$68.3K1026.8 bp −$513.4K
Sell Kraken Futures live order book, 3 min ago8.85 bp18.5 bp −$1835.8 bp −$358doesn't fitdoesn't fit

ONDO price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.4457cheapestVariational Omni0.4489+0.727%Ondo Perps0.4500+0.958%Phoenix0.4509+1.173%edgeX0.4510+1.183%ApeX Omni0.4511+1.212%BloFin0.4516+1.324%dYdX0.4517+1.344%Phemex0.4520+1.414%Paradex0.4520+1.423%Bybit0.4522+1.458%OKX0.4522+1.458%Gate0.4522+1.458%MEXC0.4522+1.458%
BingX0.4522+1.458%
Orderly0.4522+1.458%Binance0.4522+1.459%Extended0.4522+1.462%SunX0.4523+1.481%SoDEX0.4523+1.481%GMX0.4523+1.491%gTrade (Gains Network)0.4523+1.491%Reya0.4524+1.500%KuCoin0.4524+1.503%Bitget0.4524+1.503%Nado0.4524+1.514%RISEx0.4525+1.518%Aevo0.4525+1.526%Backpack0.4525+1.535%Deribit0.4526+1.548%Polymarket Perps0.4527+1.571%Aster0.4528+1.593%Coinbase International0.4529+1.615%
Kraken Futures0.4529+1.618%
Hyperliquid0.4531+1.651%Lighter0.4531+1.667%HTX0.4533+1.705%

ONDO on 37 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ONDO/USDC PERP−1.437%+0.0824%1h$1K$88K5.5xas long as short
Variational Omni ONDO−0.721%+0.0100%4h$904K$2.0M—as long as short
Ondo Perps ONDO-USD.P−0.493%+0.0100%1h$74K$101K10xas long as short
Phoenix ONDO−0.281%+0.0035%1h$28K$206K10xas long as short
edgeX ONDOUSDC−0.271%+0.0100%4h$4K$316K20xas long as short
ApeX Omni ONDOUSDT−0.243%+0.0100%1h$183K$339K50xas long as short
BloFin ONDO-USDT−0.133%+0.0340%4h$3.3M$3.4M75xas long as short
dYdX ONDO-USD−0.113%+0.4560%1h$160K$11K5xas long as short
Phemex ONDOUSDT−0.044%+0.0100%4h$4.9M$4.7M50xas long as short
Paradex ONDO-USD-PERP−0.034%+0.0100%8h$6K$910xas long as short
Show all 37 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ONDOUSDT0.000%+0.0100%4h$70.2M$112.6M50xas long as short
OKX ONDO-USDT-SWAP0.000%+0.0100%4h$18.3M$80.2M50xas long as short
Gate ONDO_USDT0.000%−0.0088%4h$11.9M$19.3M50xas long as short
MEXC ONDO_USDT0.000%+0.0100%4h$49.5M$44.3M200xas long as short
BingX ONDO-USDClong0.000%+0.0100%4h—$766K—
Orderly PERP_ONDO_USDC0.000%+0.0094%4h$25K$6K10xas long as short
Binance ONDOUSDT+0.001%+0.0100%4h$67.6M$216.4M75xas long as short
Extended ONDO-USD+0.004%+0.0104%1h$418K$1.1M25xas long as short
SunX ONDO-USDT+0.022%+0.0100%4h—$1.3M20xas long as short
SoDEX ONDO-USD+0.022%+0.0100%1h$2K$8K10xas long as short
GMX ONDO/USD [ETH-USDC]+0.032%L +0.0573% / S −0.0190%1h$515K—100xas long as short
gTrade (Gains Network) ONDO/USD+0.032%L +0.0003% / S −0.0007%1h$7K—150xas long as short
Reya ONDORUSDPERP+0.041%+0.1123%1h$2K—20xas long as short
KuCoin ONDOUSDTM+0.044%+0.0100%4h$14.2M$10.2M50xas long as short
Bitget ONDOUSDT+0.044%+0.0100%4h$25.3M$42.7M50xas long as short
Nado ONDO-PERP+0.055%+0.0100%1h$454K$517K10xas long as short
RISEx ONDO/USDC+0.059%+0.0100%1h——5xas long as short
Aevo ONDO-PERP+0.066%+0.0104%1h$36K—3xas long as short
Backpack ONDO_USDC_PERP+0.075%+0.0100%1h$297K$646K15xas long as short
Deribit ONDO_USDC-PERPETUAL+0.088%0.0000%1h$36K$237K25xas long as short
Polymarket Perps ONDO-USD+0.111%+0.0100%1h$87K$960K10xas long as short
Aster ONDOUSDT+0.133%+0.0100%4h$700K$1.5M20xas long as short
Coinbase International ONDO-PERP-INTX+0.155%+0.0488%1h$355K$813K50xas long as short
Kraken Futures PF_ONDOUSDshort+0.157%+0.0897%1h$3.5M$4.9M50x
Hyperliquid ONDO+0.190%+0.0451%1h$42.8M$27.3M10xas long as short
Lighter ONDO+0.206%+0.0528%1h$1.2M$1.9M10xas long as short
HTX ONDO-USDT+0.243%+0.0100%4h$130K$618K50xas long as short